The Heavy Engineering arm of Larsen & Toubro has won significant contracts for critical reactors, equipment and systems for Process Plant sector, against stiff global competition. Orders from international clients are mainly from the US, Europe, Middle East and South East Asia.
Commenting on the orders, Mr. Y. S. Trivedi, Senior Vice President and Head, L&T Heavy Engineering, said, "Financial year 2019 has been a significant year for L&T Heavy Engineering and the team has secured various orders. This success is a result of the confidence that our clients have reposed on us for our reliable performance over the last several decades. The critical equipment being manufactured are the center pieces of Process Plants and demand total commitment to safety, quality, delivery and reliability. Our unique ability to execute large volumes combined with focus on operational excellence and digitalization initiatives have helped us improve our competitiveness and value of offerings to our customers."
L&T Heavy Engineering has state-of-the-art integrated manufacturing facilities at Hazira (Surat), Powai (Mumbai) and Vadodara having a proven track record of supplying technology intensive equipment and systems to companies globally in Refinery, Oil & Gas, Petrochemical, Fertilizer, Thermal and Nuclear Power industries.
Shares of LARSEN & TOUBRO LTD. was last trading in BSE at Rs.1382.5 as compared to the previous close of Rs. 1357.85. The total number of shares traded during the day was 763725 in over 9279 trades.
The stock hit an intraday high of Rs. 1390.45 and intraday low of 1357. The net turnover during the day was Rs. 1057330488.